A Payless location.
Photo By Courtesy Photo
Libby and Sam Edelman
Photo By John Aquino
Brian Atwood
Photo By John Aquino
John Varvatos
Photo By John Aquino
- Nordstrom Sees Success With Topshop
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- Mizuno Full-Year Sales Rise
COLLECTIVE BRANDS INC.
Price: $2 billion ($1.2B for PLG, $800M for Payless/CLI)
Seller: self
Buyers: Wolverine World Wide Inc. (for PLG) and Blum Capital/Golden Gate Partners (for Payless/CLI)
The deal of the year is not without controversy. It remains to be seen how much PLG will add to Wolverine’s bottom line, while Payless continues its turnaround.
COLE HAAN
Price: $570 million
Seller: Nike Inc.
Buyer: Apax Partners
Nike got more for this brand than industry insiders expected. Apax hired former Converse CEO Jack Boys to spearhead growth in the U.S. and internationally.
UMBRO
Price: $225 million
Seller: Nike Inc.
Buyer: Iconix Brand Group Inc.
Iconix wants to expand the brand traditionally known for soccer cleats into lifestyle apparel, such as tracksuits and T-shirts.
LACROSSE FOOTWEAR
Price: $138 million
Seller: self
Buyer: ABC-Mart Inc.
This deal could be the first of several involving foreign buyers of U.S. firms.
HEELYS
Price: $62.3 million
Seller: self
Buyer: Sequential Brands Group
Heelys saved itself from dissolution when it found a new buyer that wants to scale the brand globally by signing licensing partners for all lifestyle categories.
SAM & LIBBY
Price: undisclosed
Seller: The Jones Group Inc.
Buyer: Brown Shoe Co.
The brand has been reunited with its founders, Sam and Libby Edelman, who hope to explore additional creative avenues.
THE ATHLETE’S FOOT
Price: undisclosed
Seller: Global Franchise Group
Buyer: IIC Intersport International
The acquisition allows Intersport to move into new markets like the U.S., Australia, Indonesia and New Zealand, and take advantage of emerging consumer areas.
BRIAN ATWOOD
Price: undisclosed
Seller: Atwood
Buyer: The Jones Group Inc.
With the backing of Jones, one of Hollywood’s favorite shoe designers opened his first flagship in New York this year and plans to launch more product categories soon.
FLEET FEET
Price: undisclosed
Seller: CEO Tom Raynor
Buyers: Company officers/Investors Management Corp.
The management-led buyout is helping the chain accelerate the growth of its store base.
JOHN VARVATOS
Price: undisclosed
Seller: VF Corp.
Buyer: Lion Capital LLC
Lion Capital said it believes the label “has legs and the ability to be expanded [to] four to five times the size it is today.”
